Part of a higher time-frame fib.
GBP/AUD short setup, I see a head and shoulders on the 4H. On the daily we have a strong doji close as per yesterday. I am looking for GA to roll over to the downside.
gbpaud retested significant fibonacci level Sell GBP, because it retested the the zero fibonacci level which is significant and we could sell for a 400 pips or more,because tonight we could have a unchanged rate for the aussi, so there won't happen anything. take profit 93431 stop loss 94231
GBP/AUD SHORT OPPORTUNITY (4 HOURS):
GBP/AUD SHORT OPPORTUNITY (4 HOURS):
GBP/AUD SHORT OPPORTUNITY (DAILY):
we will open a buy on the re test then we may have a false breakout or maybe re test to the higher point ... if we get a good conf we may go short
The Pound has been showing a lot of weakness last week, I still seeing the pound being appreciated this week as well, breaking important levels of support leads me to believe price will continue.
Open sell order on 1.8240 SL - 1.8295 TP - 1.8090 RRR - 1:2.32 RRR not big but interesting trade - sell retest buy angle mirrors pattern. We have strong news tomorrow night, so i waiting good sell movement. GBP is going sell too (attached idea)
As we can see this market has broken last support near 1.7600 and now market is pulling back towards this old broken support. we will be waiting and looking for bearish price action confirmation to get in shorts in this market as we can see confluence of dynamic resistance layer, trend line, broken price level is near by. we have good confluence factors centering...
GBPAUD is moving toward our marked zone and if all goes well as per my trade plan then I will be shorting in the identified region. Note that, We have two places to fix our stops,marked as Region1 & 2, according to your risk taking ability and trade plan choose any of the region to put stops. Both offers more than 1.5(R:R), so worth the risk if its as per your...